Dec, 31, 2023 — USALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in RYE, NY with 8 branch locations and about $3.09 billion in total assets. Opened 58 years ago in 1966, USALLIANCE FEDERAL CREDIT UNION has about 178,070 members and employs 283 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | USALLIANCE FEDERAL CREDIT UNION |
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Address: (Main Office) | 411 Theodore Fremd Ave RYE, NY 10580 |
Phone: | (914) 921-0500 |
Fax: | (914) 881-3468 |
Website: | https://www.usalliance.org |
Branches: | 8 branch locations |
Members: | 178,070 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17587 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,093,628,703 |
CEO/Manager: | Harry Zhu |
Chairperson: | Carla Palma |
ASSETS: | $ Amount |
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Cash & Equivalents | 222,840,168 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,551,064,269 |
Unsecured Loans | 354,460,830 |
Other Loans | 840,671,784 |
TOTAL LOANS | 2,746,196,883 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,103,993 |
Land And Building | 199,333 |
Other Fixed Assets | 4,299,949 |
NCUSIF Deposit | 20,914,891 |
All Other Assets | 690,826 |
TOTAL ASSETS | 3,093,628,703 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 254,377 |
Notes & Interest Payable | 502,000,000 |
Accounts Payable & Other Liabilities | 39,782,919 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 17,000,000 |
Share Drafts | 255,612,388 |
Regular shares | 749,669,362 |
All Other Shares & Deposits | 1,319,364,583 |
TOTAL SHARES & DEPOSITS | 2,324,646,333 |
TOTAL LIABILITIES | 2,883,683,629 |
Regular Reserve | 0 |
Other Reserves | 10,494,023 |
Undivided Earnings | 199,451,051 |
TOTAL EQUITY | 209,945,074 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,093,628,703 |
INCOME & EXPENSE | |
Loan Income | 137,902,599 |
Investment Income | 13,140,917 |
Other Income | 6,907,126 |
Total Employee Compensation & Benefits | 31,074,395 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,981,332 |
Non-operating Income & (Expense) | -29,009 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,620,456 |
Cost of Funds | 70,748,831 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 19,406,605 |
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